|
|
News Breaks | | | | August 3, 2012 | | 08:27 EDT |  | TLB | Sycamore announces successful completion of tender offer for Talbots
The depositary for the tender offer advised that, as of the offer's expiration, 51,769,611 shares of common stock of the Company had been validly tendered and not withdrawn in the tender offer, which, when added to the 6,999,316 shares of Company common stock owned by Sycamore Partners and its affiliates, represent approximately 83.6% of the outstanding shares of the Company. All such tendered shares have been accepted for payment in accordance with the terms of the tender offer. Sycamore Partners intends to promptly move forward with a "short-form" merger under Delaware law after exercising its top-up option under the merger agreement, and Talbots will become a wholly-owned subsidiary of TLB Holdings LLC, an entity affiliated with Sycamore Partners. The merger is expected to be completed today, August 3. | |
|
News For TLB From The Last 14 Days Check below for free stories on TLB the last two weeks. |
|
|
| There are no results for TLB |
|
|
|
|
|
|
